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IBPS RRB Clerk Economy & Banking Awareness Questions
Practise economy & banking awareness (general awareness) for the IBPS RRB Office Assistant Examination: 10 multiple-choice questions, each with the correct answer and a worked explanation. Click an option to check it, or “New questions” for another set.
Economy & Banking Awareness practice
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Q1.CRR stands for:
Show answer & explanation
Answer: C — Cash Reserve Ratio
Banks must keep a share of deposits as cash with the central bank — the Cash Reserve Ratio.
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Q2.The ‘lender of last resort’ in an economy is usually the:
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Answer: D — Central bank
Central banks provide emergency liquidity to banks.
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Q3.Which ratio measures a bank’s capital against its risk-weighted assets?
Show answer & explanation
Answer: A — CAR (CRAR)
Capital Adequacy Ratio = capital ÷ risk-weighted assets (Basel norms).
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Q4.A Non-Performing Asset (NPA) in India is a loan overdue for more than:
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Answer: D — 90 days
Under RBI norms a loan becomes an NPA when interest or principal is overdue for more than 90 days.
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Q5.The repo rate is the rate at which:
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Answer: D — The central bank lends to commercial banks
Repo is the rate at which the central bank lends short-term funds to banks against securities.
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Q6.Which body regulates the securities market in India?
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Answer: C — SEBI
The Securities and Exchange Board of India (SEBI).
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Q7.Which type of account typically earns no interest in India?
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Answer: B — Current account
Current accounts for businesses usually pay no interest.
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Q8.Monetary policy is formulated in India by the:
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Answer: B — Monetary Policy Committee (MPC) of RBI
The six-member MPC sets the policy repo rate.
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Q9.When the demand for a good rises as income rises, the good is a:
Show answer & explanation
Answer: B — Normal good
Normal goods have positive income elasticity.
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Q10.The headquarters of the World Bank is in:
Show answer & explanation
Answer: D — Washington, D.C.
The World Bank Group is based in Washington, D.C.
How to approach economy & banking awareness questions
Know what each regulator does (RBI, SEBI, IRDAI, PFRDA), the policy tools (repo, CRR, SLR) and the definitions behind GDP, inflation and fiscal deficit. Check current rates in the latest official releases.
About IBPS RRB Clerk
IBPS RRB Office Assistant Examination — conducted by Institute of Banking Personnel Selection (IBPS). Recruits Office Assistants (multipurpose) for Regional Rural Banks.
Original practice questions written for this site in the style and difficulty of each exam’s syllabus. They are not past papers and the site is not affiliated with any exam body. Exam patterns, marking schemes and syllabi change — always check the latest official notification.
IBPS RRB Clerk practice topics
| Topic | Section | Question source |
|---|---|---|
| Number System & Simplification | Quantitative aptitude | Calculated (new numbers every set) |
| Percentages | Quantitative aptitude | Calculated (new numbers every set) |
| Logical Reasoning | Reasoning | Calculated (new numbers every set) |
| Economy & Banking Awareness | General awareness | Question bank |
| Computer Awareness | Computer knowledge | Question bank |